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Businesswire - Latest News [Page 40]
Stocks to watch: AFF, AIA, GPG, NZX, SKC, SPN, TEL
Thursday, 2 September 2010, 9:23 am | Businesswire
Sept. 2 (BusinessDesk) – The following stocks may be active on the New Zealand exchange after developments since the close of trading. All prices are in New Zealand dollars unless specified. More >>
Fonterra milk prices jump 19%
Thursday, 2 September 2010, 9:02 am | Businesswire
by Paul McBeth Sept. 2 (BusinessDesk) – The price of whole milk powder jumped by almost a fifth in Fonterra Cooperative Group’s online auction as the Russian drought raises concerns about buyers’ ability to secure milk in the future. More >>
While you were sleeping: Manufacturing optimism
Thursday, 2 September 2010, 7:02 am | Businesswire
September 2 (BusinessDesk) - Equities on Wall Street and across Europe rallied as manufacturing data in the U.S. and China exceeded expectations and provided some much-needed optimism about the global economic outlook. More >>
NZ stocks rise on Australia growth; ANZ gains
Wednesday, 1 September 2010, 5:59 pm | Businesswire
Sept. 1 (BusinessDesk) – New Zealand stocks rose for the second time in four sessions, after Australia reported hearty economic growth, lifting lenders Australia & New Zealand Banking Group and Westpac Banking Corp. The NZX 50 rose 40.9 points, ... More >>
World Cup-booked hotel in legal stoush
Wednesday, 1 September 2010, 5:55 pm | Businesswire
Sept. 1 (BusinessDesk) –One of Auckland’s top hotels, the Westin Lighter Quay, is in chaos ahead of next year’s Rugby World Cup, as unit titleholders and receivers Korda Mentha square off over access to and revenue from 114 of its 172 rooms and ... More >>
Serepisos on payment plan to meet Hutt City rates
Wednesday, 1 September 2010, 4:39 pm | Businesswire
Sept. 1 (BusinessDesk) – The Auditor-General moved quickly today to close down suggestions that the Hutt City Council has gone easy on Wellington property developer Terry Serepisos’s rate and development levy payments More >>
ACC takes advantage of low NZX price to lift stake
Wednesday, 1 September 2010, 4:28 pm | Businesswire
Sept. 1 (BusinessDesk) – The Accident Compensation Corp. has taken advantage of a 7-year-low price for shares in NZX Ltd. to lift its holding in the securities market operator. More >>
ComCom appeal against Telecom ‘unsatisfactory’
Wednesday, 1 September 2010, 1:09 pm | Businesswire
Sept. 1 (BusinessDesk) – The Commerce Commission’s failed bid to rap Telecom Corp. over its 0867 dial-up internet fees in 1999 has been called “unsatisfactory” and “speculative” by the Supreme Court. More >>
Tasman Farms squeezes out $0.5M profit
Wednesday, 1 September 2010, 12:42 pm | Businesswire
Sept. 1 (BusinessDesk) – Tasmanian corporate farmer Tasman Farms Ltd. has announced a 107% lift in profit to $567,000 for the year ended May 31 in the face of severe weather conditions which trimmed milk production and lower payout prices. More >>
Kiwibank taps Paul Brock as new CEO
Wednesday, 1 September 2010, 11:20 am | Businesswire
Sept. 1 (BusinessDesk) – Kiwibank’s next phase of development will be led by an existing member of the state-owned bank’s senior management team, Paul Brock, to replace founder chief executive Sam Knowles. More >>
2Degrees’ overseas shareholders stump up US$13.5M
Wednesday, 1 September 2010, 10:58 am | Businesswire
Sept. 1 (BusinessDesk) – Overseas shareholders in Two Degrees Mobile Ltd. have ponied up more cash to help fund the nation’s third, and newest, mobile phone network operator’s investment in infrastructure. More >>
Transpower to pay firms to stop using peak power
Wednesday, 1 September 2010, 10:33 am | Businesswire
Sept. 1 (BusinessDesk) – National grid operator Transpower is embarking on a project to produce a 21st century version of the “ripple control” system that’s currently used to take pressure off the electricity network during periods of peak demand. More >>
Stocks to watch: AFF, CEN, FBU, GEN, NZS, PPL
Wednesday, 1 September 2010, 9:25 am | Businesswire
Sept. 1 (BusinessDesk) – The following stocks may be active on the New Zealand exchange after developments since the close of trading. All prices are in New Zealand dollars unless specified. More >>
NZ dollar holds below 70 US cts after SCF failure
Wednesday, 1 September 2010, 9:10 am | Businesswire
Sept. 1 (BusinessDesk) – The New Zealand dollar held below 70 U.S. cents after it tumbled 1.2% yesterday after the collapse of South Canterbury Finance, the nation’s second-biggest finance company. More >>
NZ stocks edge lower after SCF failure, PGW down
Tuesday, 31 August 2010, 5:56 pm | Businesswire
NZ stocks fall as government pays out for SCF; Wrightson, NZ Oil & Gas, Nuplex lead declines More >>
NZ rating not immediately affected by SCF: S&P
Tuesday, 31 August 2010, 5:45 pm | Businesswire
Aug. 31 (BusinessDesk) – New Zealand’s credit ratings aren’t immediately affected by South Canterbury Finance Ltd.’s $1.6 billion call on the retail guarantee after falling into receivership, Standard & Poor’s says. More >>
Less pain, but also less gain for Australasia
Tuesday, 31 August 2010, 3:38 pm | Businesswire
August 31 (BusinessDesk) – Australasian investors have experienced less pain during the global financial crisis compared to their international counterparts, but can expect less gain as markets recover according to Russell Investments’ chief investment ... More >>
Scales Corp. unaffected by SCF receivership
Tuesday, 31 August 2010, 3:27 pm | Businesswire
Aug. 31 (BusinessDesk) – South Canterbury Finance-controlled industrial group and apple grower, Scales Corporation Ltd, today reported a $10.1 million pre-tax operating surplus for the year to June 30, and a reassurance that it is unaffected by its majority ... More >>
SMELLIE SNIFFS THE BREEZE: Not quite Lehman Bros
Tuesday, 31 August 2010, 3:20 pm | Businesswire
Aug. 31 (BusinessDesk) – OK, everybody take a deep breath. Underneath all the fog of commentary and arm-waving, a fairly simple thing has happened to South Canterbury Finance today. More >>
SCF process will take up to five years: English
Tuesday, 31 August 2010, 2:36 pm | Businesswire
Aug. 31 (BusinessDesk) –The government expects to spend up to five years getting as much of its money back as possible from the bail-out of failed financier South Canterbury Finance Ltd., Finance Minister Bill English said today. More >>
